2024 ValAct Meeting Virtual - Session 7B: National Association of Insurance Commissioners (NAIC) Current Events - An Update from the American Academy of Actuaries 9.19.24 Recording

This session will summarize the key National Association of Insurance Commissioners (NAIC) activities with a primary focus on updates to principle-based reserve valuations and appointed actuary topics. Hear insights into the current set of activities and initiatives being considered and/or adopted by the NAIC Life Actuarial Task Force (LATF) and the NAIC Risk Based Capital Working Group. In addition, other actuarial practice issues and other appointed actuary and opinion topics relevant to life insurance, variable annuities and fixed annuities will be discussed, including recent exposures and adoptions by the Actuarial Standards Board. By the end of the session, attendees will understand what changes are being made to reserves, risk-based capital (RBC), principle-based reserves (PBR) and actuarial standards and related topics, and the anticipated timing of such emerging changes.